Liverpool announced that the deal is done, subject to medical and will be finalised next week.

A club statement released on Friday said: "Liverpool FC confirms that Luis Suarez will be leaving the club after a transfer agreement was reached with FC Barcelona. The player now has permission to complete the usual formalities, which will then conclude the transfer.

"We would like to thank Luis for his contribution and the role he played in helping bring Champions League football back to Anfield.

But the big question now is, who will the Reds get in to replace him? Our man Darren Lewis runs the rule over the contenders.

Loic Remy (Queens Park Rangers)

Knows where the goal is, can play out wide or in the centre-forward position and wants to play in the Champions League club next season. At just £8million (the price of his buyout clause) he represents a bargain. Trouble is, he has a stampede of clubs after him including Everton, Arsenal, Tottenham and West Ham.

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Jackson Martinez (Porto)

The phone is already ringing off the hook for the 27-year-old Porto marksman. Arsenal, Manchester United, Atletico, Inter Milan and Roma are all keen on the robust Colombia centre-forward whose release clause is understood to be £33.2million. He has racked up an impressive 60 goals in 89 appearances for his club, scored twice for his country against Japan in Brazil and has the physical stature to cope in the Premier League.

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Erik Lamela (Tottenham)

If it is a deeper lying goal-getter that Liverpool want then Lamela could be their man. He has had the time to adapt to life in England and is raring to go after an injury-ravaged campaign last season. Ended the 2012/13 season as the joint-fifth top-scorer in Serie A with 15 goals, earning him that move to London. Can play left, right or behind the striker and has plenty of pace.

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Heung Min Son (Bayer Leverkusen)

His team may have gone home from the World Cup but the South Korean 21-year-old left a deep impression behind with his performances. A quick, two-footed second striker, he snubbed interest from Liverpool last summer in favour of an £8.5million switch to Bayer Leverkusen. But he could be up for a move to the Premier League this time around.

(Image: Lars Baron)

Henrikh Mkhitaryan (Dortmund)

Another who decided against an Anfield move last summer. The Armenian forward instead plumped for Borussia Dortmund where he managed 11 goals in all competitions in his debut season. Now that Liverpool are back in the Champions League they could be a different proposition for him this time around.

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Carlos Tevez (Juventus)

Still only 30, goals continue to be his stock-in-trade with 19 last season to help Juventus to their third successive Italian title. His work ethic is comparable that of Suarez and he knows the English top flight like the back of his hand having played for both Manchester clubs and West Ham. Has had a good rest too having not been selected by Argentina for the World Cup in a surprise move.

(Image: Claudio Villa)

Alvaro Morata (Real Madrid)

Highly-rated Real Madrid striker, 21, who scored his first Champions League goal against Schalke in March. Missed out on Spain’s World Cup squad despite starring for the Under-21 side that won last summer’s European Championships and being part of the Real Madrid squad that secured Champions League glory.

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Wilfried Bony (Swansea)

Swansea want £19million for him but that would be a bargain, and the Reds are certainly keen. Just 25, Bony hit 42 goals in 60 games for Vitesse Arnhem before his move to Wales last summer. By May he had completed his first season at Swansea with 25 goals in all competitions.

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Theo Walcott (Arsenal)

Why not? Arsenal were prepared to take Suarez last summer. Now that they are back in the Champions League what would be there to stop Liverpool turning the tables on their Premier League rivals? They are understood to have been big admirers of Walcott for some time. The England man is quick, versatile and composed in front of goal. He would pull defenders out of position just as Suarez enjoyed doing.